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What is maximum level of accounts receivable that alei carry

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Reference no: EM132891333

ALei Industries has credit sales of $148 million a year. ? ALei's management reviewed its credit policy and decided that it wants to maintain an average collection period of 35 days.

If? ALei's current accounts receivable collection period is 60 ?days, how much would it have to reduce its level of accounts receivable in order to achieve its goal of 35 ?days?

Problem 1: What is the maximum level of accounts receivable that ALei can carry and have a 35?-day average collection? period?

Reference no: EM132891333

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